The Law of Increasing Opportunity Cost Results in a Constant

question 157

True/False

The law of increasing opportunity cost results in a constant slope of the production possibilities curve.

---

Definitions:

Revolutionary Unionism

A form of unionism aiming to overthrow the prevailing capitalist system and establish a society based on workers' control and direct democracy.

Working Class

A social group comprising individuals in employment roles that require manual labor or skilled trades, often distinguished by lower economic status.

Occupation

A type of job or career with specific skills and expertise required, often recognized as a person's role in society based on their work.

American Federation of Labor

A national federation of labor unions in the United States, founded in 1886, known for its focus on skilled workers and advocacy for labor rights and standards.